Solaris Energy Infrastructure Announces Third Quarter 2024 Results, New Power Solutions Contracts, and Continued Shareholder Returns for Fourth Quarter 2024 [Yahoo! Finance]
Solaris Energy Infrastructure, Inc. Class A (SEI)
Company Research
Source: Yahoo! Finance
Third Quarter 2024 Summary Results and Recent Highlights Revenue of $75 million Net loss of $2 million and ($0.04) per diluted Class A share; Adjusted pro forma net income of $4 million and $0.08 per fully diluted share Adjusted EBITDA of $22 million On September 11, 2024, closed the acquisition of Mobile Energy Rentals LLC ("MER," and such acquisition, the "MER Acquisition"), a premier provider of distributed power solutions; established new Solaris Power Solutions segment Closed $325 million senior secured term loan to effectuate the MER Acquisition and to support continued growth capital investment into the Solaris Power Solutions fleet Executed additional power service agreements with customers, totaling approximately 450 megawatts ("MW") of generation capacity, or greater than 80% of expected 2025 ending capacity (including all deliveries on order); contract tenor ranges from two to four years, providing the Company significant earnings visibility Returned a total
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SEI
News
- Solaris Energy Infrastructure files for $500M mixed securities shelf [Seeking Alpha]Seeking Alpha
- Solaris Energy Infrastructure Announces Filing of Form S-3 to Replace Expired Universal Shelf Registration [Yahoo! Finance]Yahoo! Finance
- Solaris Energy Infrastructure Announces Filing of Form S-3 to Replace Expired Universal Shelf RegistrationBusiness Wire
- Solaris Energy Infrastructure to Participate in Upcoming Investor Events [Yahoo! Finance]Yahoo! Finance
- Solaris Energy Infrastructure to Participate in Upcoming Investor EventsBusiness Wire
SEI
Earnings
- 11/4/24 - Miss
SEI
Sec Filings
- 11/18/24 - Form S-3
- 11/18/24 - Form 8-K/A
- 11/14/24 - Form SC
- SEI's page on the SEC website